Áhafnatrygging
Information regarding the insurance
What type of insurance is this?
This is a group insurance for operators and crews of ships and small boats composed of four insurance policies; accident insurance, shipowner‘s liability insurance, luggage insurance, and life insurance.
What is covered? | What is not covered? |
|---|---|
| Accident insurance covers: | Accident insurance does not cover: |
Accidents suffered by a crew member while working on board the ship or during work directly related to its operation. | Accidents suffered by crew in their leisure time. |
| Shipowner´s liability insurance covers: | Shipowner‘s liability insurance does not cover: |
Non-contractual liability which falls on the shipowner according to Icelandic law. | |
| Luggage insurance covers: | Luggage insurance does not cover: |
Damage to the crew‘s personal belongings which the shipowner is liable for according to maritime law. | Damage to crew members‘ belongings due to causes other than maritime according to maritime law. |
| Life insurance pays benefits for: | Life insurance does not pay benefits for: |
Death of a crew member due to illness. | Death by accident, which is covered by accident insurance. |
Any limitations on what the insurance covers?
The insurance expires if the ship is sold or rented, unless otherwise agreed upon.
Where is the insurance valid?
The insurance policy is valid anywhere in the world.
What responsibilities do I have?
You must report any damage as soon as possible and no later than one year from the date of the damage.
You must ensure that all the information in the insurance policy is accurate.
You must inform us of any changes in your address, telephone number, and email address.
You must follow all the precautions in the terms of the insurance policy.
When and how do I pay the premium?
The premium must be paid on the due date. When the insurance policy is issued or renewed an electronic claim is created in your online bank. You have the option to distribute the premium payments by:
Credit card payment, where the premium is charged monthly to a credit or debit card.
Direct payment, where your bank account is debited monthly.
Corporate distribution, where the premium can be paid in monthly payments.
When does the insurance start and when does it end?
The insurance policy takes effect when an offer is accepted and is renewed annually until it is canceled.
How do I cancel the insurance?
Individuals and companies with fewer than five full-time positions can cancel the insurance at any time and it will expire at the end of the following month after the cancellation is received. Other companies can cancel their insurance one month in advance before the end of the insurance period.
The cancellation must be in writing, for example with an electronic signature.